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Jack Rawlins
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Easily the most impactful thing I learned and will take away from this class is one of the things that doesn't actually have to do with economics. As an engineering major (who was truthfully taking this for the FDR) I came in expecting a decent amount of math. In most of the classes I have taken, I've been almost trained to look for an absolute. Every question had an exact numerical answer, with no room for ambiguity. I was pleasantly surprised when that wasn't the case for this class. Instead, we got rid of right and wrong during our class discussions. The only response that was consistently accepted was "it depends". It is such a great, simple way to get us to always think more broadly and to avoid restricting ourselves to a single train of thought, and can be used far beyond the classroom. The ability to consider multiple factors and outcomes before jumping to a conclusion, and taking the time to analyze each is invaluable. The setup of this class was excellent and it was so easy to stay engaged and interested. Thanks for a great semester Professor!
Toggle Commented Apr 24, 2020 on ECON 100 Final Exam at Jolly Green General
This may be a bit of a summary or combination of other comments that were made, but I am skeptical/concerned about how overly simple the current problem and its solution seemed to be in the article. The act of donating two trillion dollars from the private sector does not sound simple at all, and certainly must have more repercussion than the author makes it sound. Additionally, Krugman mentions in the beginning that there might be a slight debt hangover, but later on contradicts that and says that "from the point of view of government solvency, [there would be]none at all." I was also confused about the point Krugman made that the government would not have to pay back the money it has borrowed, but instead merely return to a "sustainable level of deficits."
Toggle Commented Apr 7, 2020 on ECON 100: The Corona Coma at Jolly Green General
First of all, I think some sort of system for monitoring the health of US citizens would be invaluable in fighting the spread of coronavirus. However, I strongly agree with Warren's point that it should be voluntary. And once some sort of plan was in place for the monitoring, it would have to be closely regulated so to ensure that the information that is collected does not make its way into the wrong hands. Furthermore, I'd hope that such a solution would be a temporary thing, but as Harari points out it might be a bit of a pipe dream to believe that the government would stop using the data that they collect anytime soon. It would also be hard to determine exactly when this whole pandemic is actually over, or at least at a point where people can stop self-isolating. I also like the comments that a few others have made about how if we all acted rationally, then this outbreak would be a lot easier to fight. A man was arrested in Maryland the other day for hosting a party of 60+ people at his house. I'm sure there are plenty of other examples of idiots being idiotic across the rest of the country. It is abundantly clear that not all humans act rationally. I think the best we can hope for is that enough people do their part to flatten the curve and the government continues to enforce stay-at-home orders and similar actions.
Toggle Commented Apr 2, 2020 on ECON 100 at Jolly Green General
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Apr 1, 2020